Chakravarthy Anil 4

What Happened

• Anil Chakravarthy, President (CXO) of Adobe, exercised/converted a total of 3,022 derivative awards on April 15, 2026 (reported Apr 17, 2026). The conversions were recorded at $0.00 per share (conversion of awards/derivatives). To cover tax withholding liability, he surrendered 1,496 shares at $244.66 each, producing proceeds of $366,012. After withholding, the net increase in shares held was 1,526 shares (3,022 acquired − 1,496 surrendered).
• These transactions are reported as M (exercise/conversion of derivative) entries with F (payment of exercise price or tax liability) share-withholding dispositions — a routine tax-withholding event rather than an open-market sale.

Key Details

• Transaction date: April 15, 2026; Filing date: April 17, 2026.
• Conversions/acquisitions: 760, 437, 695 and 1,130 shares (total 3,022) at $0.00.
• Shares surrendered for taxes (dispositions): 376 ($91,992), 216 ($52,847), 344 ($84,163), 560 ($137,010) — total 1,496 shares for $366,012 at $244.66 each.
• Net new shares retained by the insider: 1,526 shares.
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1 indicates shares were surrendered to pay tax liability. F2–F5 show these awards vest quarterly (6.25% per quarter) from various vesting commencement dates (Jan 15 of 2023–2026) — multiple award vintages were involved.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax withholding. This appears to be a standard cashless/withholding settlement, not an open-market sell.

Context

• This filing reflects conversion of vested awards and the common practice of withholding/surrendering shares to cover taxes — not a discretionary open-market sale. Such tax-withholding events are routine and do not necessarily signal insider sentiment.
• No indication in the provided data that the filing was late.